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, a possible tax on bank deposits and austerity measures that could result in the loss of thousands of jobs. that has sparked a protest. welcome to a brand-new hour of america's news headquarters. >> jamie: good to see you. good morning, to all of you. it happens that time is running out fast in cypress. if they can't reach a deal, the european central bank will stop providing emergency funds to cypress after monday, triggering a collapse of the country's banks. greg? >> shannon: hey, jamie, eric. it is crunch time here in cyprus. the economic fate of the country could be decide in the next several hours. all of europe and the united states is watching. the action rate now is in brussels. officials are meeting with the top brass at the u.u., the european central bank. they are trying to figure out a bailout for the near bankrupt country. the terms are tough, including the bank levy, 20% on big depositors at the main bank, which has been very controversial. in addition to that, other demands on the bank system have people worried about their job, worried about their moan. we were out and abo
to the streets to protest and a tax of up to 10% on their life savings. on sunday, fresh protests erupted. on cyprus withre the economist richard wolff after the headlines. and your report says the cia has been supporting a vast expansion in the flow of weapons to syrian rebels fighting president bashar al-assad. the new york times reports the airlift of arms and equipment to the rebels, largely overseen by turkey, has massively increased since early 2012 to include more than 160 flights in jordanian, saudi and qatari planes. u.s. intelligence officers have helped shop for weapons and have vetted rebel groups to decide who gets the arms. the cia's covert backing comes despite the obama administration's public support for solely non-lethal aid to the rebels. meanwhile, the cia has further increased its role in syria by feeding intelligence to rebel fighters for use against the syrian government. the wall street journal reports the move comes as part of the u.s. effort to tamp down on islamist militants in syria by aiding secular forces. secretary of state john kerry has urged iraq to take
.s. senate this morning approves a budget proposal that calls for almost a trillion dollars in tax hikes. and that's the very latest. hello, everyone, i'm jamie colby, and this is a brand new hour inside america's news headquarters. >> i'm gregg jarrett, glad you're with us. this nonbinding plan was approved just before dawn this morning after nearly 13 hours of nonstop voting. >> yeas are 53, nays are 46. the amendment is adopted and now there are -- there are adoptions that concur resolution is met. >> it's the first senate budget proposals in four long years and basis for future negotiations between congress and the white house. elizabeth prann is in our d.c. bureau with more. >> reporter: it may have taken almost all night for the first time passing. and a plan raising nearly a trillion dollars in new taxes and the government would still be in a deficit ten years from now. senator patty murray, however, argues it creates jobs and economic growth for the democrats, the vote is a big accomplishment. >> first of all, over the last two decades the average budget resolution considered 78
hear how much the $338 million jackpot breaks down after they pay taxes. "fox & friends" starts now. >>steve: welcome back to the studio. look who's back after a long vacation. >>gretchen: i knew that rooster called this morning. >>brian: is that how you got up? >>gretchen: i didn't sleep that much. i'm on a three-hour time delay. but glad to be back. nice to come back to a snowstorm on the east coast. >>brian: did you get my promo this morning? >>gretchen: i saw your lips moving and if i was reading lips correctly, i thought i heard you say? >>brian: gretchen carlson will debut her entire vacation picture by picture day by day. >>gretchen: i believe 7:30 eastern time i brought one picture. i needed marlon perkins on vacation. that's the clue. >>steve: he's unavailable. >>gretchen: i was pulling a brian for a moment. he always refers he needs marlon perkins and then we have to tell him he's no longer with us. it has to do with an animal that was very dangerous. stay tuned. great to be back. in the meantime let's get to your headlines. a last-minute deal to bail out cyprus. in exchan
as senators dealt with amendments all over the place ranging from the keystone pipeline to eliminating tax breaks for fish tackle box manufacturers. no joke. it's true. passed a budget by a margin of one vote. >> now, the average budget resolution considered 78 amendments, we've done 101. average 35 amendments, we've done 70. twice as many. doing this has been a herculean feat. >> i know everyone is exhausted, and you may not feel it at the moment, but this is one of the senate's finest days in recent years and i commend everyone who's participated in this extraordinary debate. >> can't figure out if mr. in cane is awake. not a single republican supported the plan and four democrats each up for re-election next year also voted against their party's budget. the plan cuts $1.85 trillion over 10 years through a mixture of tax increases and spending cuts and will not balance the budget. the house republican budget which was already defeated in the senate would have slashed $4.6 trillion in spending over the same period without raising taxes. now senator patty murray, the architect of the senat
? some are estimating that with the reduction in the banking sector and with higher taxes, the cypriot economy could shrink by 10%. with years of hardship. and that is the big unknown. will the rescue end uncertainty or will cyprus end up like some of the other bailed out countries, with a lost generation, facing recession and job losses? >> pretty grim prospects in cyprus. and in a speech to the cypriot people tonight, the president called the deal painful but he said it was the best he could get. for more on the reaction there, i spoke to the bb's tim wilcox. we have now some clarity on the deal that cyprus has struck with europe. does it look like the island's actually going to be worse off because of this? >> it's instinct because i've just been talking to one of the m.p.'s who voted against the proposals last week, which was going to have a 10% levy or hair cut on deposits over 100,000 euros and 6.7% for those under, and she admitted today for the first time, because she hasn't on previous occasions, that probably people would be worse off and that is because of the fundamental da
.85 trillion, half through spending cuts and half through tax hikes. the republican plan, paul ryan plan, would cut the deficit $4.6 trillion in ten years and includes repealing obamacare. the hope going through the legislative process they might be able to find compromise to strike some sort of deal. >> we need to put americans back to work. that's our first priority. deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in mind that two weeks away they have to come up with a continuing resolution by march 27. bill: as ryan says, at least there is baseline for comparison between the two sides. we'll get into that in just a moment here. thank you, kelly wright on the
in the military. we want to raise taxes on the wealthy, we want to make investments in education, and job training, and infrastructure and basic research and development and don't want to imposed a huge burden on the poor and working class. at least we have a budget now and at least democrats now can show that deficit reduction can be done responsible. responsibly. >> the lack of a bunt has been an effective talking point for republicans. why do you think they haven't reached an agreement? >> because they're democrats. they have a hard time reaching an agreement about anything. that's why they're democrats. the progressive caucus shows that it is possible to reduce the budget deficit by taking even more away from big corporations reducing corporate welfare to an even larger extent reigning in tax loopholes, and so-called tax expenditures. the democratic budget and senate budget is a very good place to begin. i think the progressive caucus's budget is much better. >> analysts are saying this budget is to the left of obama. many on the left would say we should have expected that. does this give the
are calling for changes to the law including a medical device tax which a lot of democrats includie ining al franken want eradicated. congress will have to tweak the law but that's going to be very difficult because parties just don't generally agree on this law. >> the health and human services department which was involved to a certain extent was hit with sequester cuts. could that impact the viability of this new health care plan for america? >> i think the administration's going to put all the resources it can, because it is just so important to the white house, that they are going to put all their manpower. other programs within hhs would have to suffer. some republicans voted against the bill that would have averted a government shutdown because it does fund the implementation of obama care. >> interesting. big decisions that have to be made along the way. so it's not done until it's done. thanks so much, bob. happy sunday. >>> an extreme weather alert for you. it is supposed to be spring almost. well, guess what? big snowstorm moving across the country. that storm yesterday forced the
will have to come along with tax increases. this deal still hurts. >> i do not think there is any denying that the cyprus people will have to go through tough times and will suffer the consequences. we had to adjust over relatively a short period of time. rich: now the question is what does this mean for the rest of the euro zone? this, the bailout should be a template for the rest of europe and banks should be reduced. back to you. connell: rich edson lives in cyprus. trading halted in some of those italian banking stocks also added the comments in terms of a template. time to bring in axel merck. your thoughts? >> good morning. when someone screams fire, you do not want to shut the accident. halting stocks, i do not think, is helpful at all. i think it is rather responsible. the question is what will happen. obviously, investors are taking action. connell: you just look at the big board here in the united states and the green at the beginning of the day has now turned red. european markets losing some steam. you talk about the italian banks and how it would not be a good idea to halt th
are always trying to protect taxes or wealthy people? is that a problem out there with the rank-and-file voters? >> no, i mean -- i don't think so. i think that's obviously a misperception that's become a real perception by the public. but i think we have to talk about things in ways that people can relate to. i mean, if you're talking about taxes and taxing small businesses, you have to talk about the fact that if -- if -- if our small businessman has to pay more money to the government, then he's going to have less money to pay to his ememployers, and the ememployers will have less money to send kids to the school of their choice. i think it's a matter of talking about the debt differently. not just we are in imminent danger in a debt crisis in this country. but what does that mean to people? it means that our government is growing so fast and it's becoming so expensive that we're making payments to our credit cards that we can't afford, which means we have to keep -- we'll keep having this debate about needing more revenue to the government. well, that means less money in peo
to reconcile these two documents. the house budget would balance after ten years. repeal obama care. no tax increases. the senate budget doesn't get to balance after ten years, it includes $1 trillion of tax increases, even some stimulus money to try to get the economy going. but it's significant that they're fighting at a lower level of intensity and turmoil. notice that the congress left for easter break without a crisis over a government shutdown. there was no crisis over potential debt limit, and government default earlier this year. could come back this summer but so long as it lasts, that's calming for the markets and good for the economy, and it may, lester, leave some space still for a compromise in which democrats would agree to changes in cuts in medicare and social security, and republicans would come up with a little bit more tax revenue, lester. >> all right, john harwood tonight, thank you. >>> president obama wrapped up his four-day visit to the middle east today, after helping israel and turkey end a three-year diplomatic dispute. that, in turn, will help the region deal wit
tax that helps bankroll the law. stuart varney, anchor of "varney & company" on the fox who upwards 40 million people will be paying a whole lot more for their individual coverage after obamacare takes full effect next year. in some cases, the premiums that we will pay will double. remember this is a 17,000 page list of rules for obamacare. it takes full effect next year, january the 1st, and already you can see a great deal of dissent on how to pay for it and what it's actually going to cost and there is real, real concern here, that it won't be implemented properly on time. heather: yeah. all those exchanges. 33 different states, not forming them on their own. >> that's right. heather: thanks so much, stu. we appreciate it. we'll talk a little bit more about it with our political panel later. bill: what do you do with this now? you were counting on this revenue to pay for other aspects of the law. where do you find the money. heather: there are 20 new taxes included to pay for it. bill: we're just getting started. chinese former nasa contractor under suspicion of stealing u.s. secret
spent it all. >> jesse: only 30 million. >> clayton: and now talk about what the taxes look on all of this. can i play the opposite side. you win million, 25% of that lump tum gone to the federal government and 84 information gone to, 0 gone to the federal governme government. >> alisyn: and then new jersey has a high state tax as you can see, 10.8%, so 36 1/2 million will go to new jersey, i know you're thinking, can i move today to texas? and i know you shall the winner are listening and kudos for your ingenuity. yes, you might be able to move to a state with no state tax, but new jersey might still take it. >> jesse: and if chris christie has its way, going to get more of your dough because i think the 7.8 to 9.8, good luck. >> clayton: hallelujah. still taking home 216 million dollars. that's what he would get it end. >> jesse: what would you do with that kind of dough. >> alisyn: let's talk about that. >> clayton: i don't know. >> jesse: would you buy me a boat. >> clayton: i would buy you a boat first. i don't know helping starving children i would help jesse get a boat. >> j
is the answer to everything. more tax, more spending. ours is, let's save medicare, let's save social security, let's downsize the federal government to a size that is manageable and affordable. >> shannon: there are all kinds of fiscal issues with the budget, with sequester and the debt ceiling, not far off. have you offered a number of ways that you think the federal government could be cutting back. your office is good at looking at budgets and plans. you have note aid number of things that could have been done n. liu of closing the white house to public visitors, but did you have bipartisan crossover. >> i had bipartisan crossover because they're getting ready to run for election. there is a game play in the senate. this administration wants to show the american public that we can't cut $44 billion between now and september 30 without them experiencing massive pain. they have every intention to make it hurt to get the point that we need to spends every penny we are spending. which is absolutely ludicrous. it's a shame they are doing that because a lot of things -- we are going to have air
. we don't believe that we ought to be raising taxes on middle income americans, which is exactly what the ryan budget will do. if you are going to sort the voucherize medicare, and then say to them with this voucher, you shop around, but then i've got to make up the difference with the insurance, then that's raising taxes on people who are on medicare. at the same time, you cutting taxes to people in the upper income categories. then we want a block grant, medicaid. that means that there are seniors who will find themselves being shopped around from state to state to find which nursing home will be able to take them. that is the kind of stuff that we ought not have. we ought to have a national medicaid program, a national medicare program, and it should be a guarantee. it should not be a voucher to shop around to insurance companies. >>> but congressman, there's going to have to be compromise before anything gets done. from the president's vision, if there is to be another grand bargain, it would require changes on entitlements. are you and the other members of the democratic caucus w
been taxing literally all of the accounts, so they kept the banks closed so people wouldn't drain their accounts. so what is happening now. >> cyprus has struck a deal that taxes just the biggest bank accounts, anything more than $130,000. and that will hit mainly foreign investors. will hit them the hardest anyway because the banking system in cyprus takes in billions of dollars in foreign investment, especially from russia. >> but the deal is good for americans, europe is actually one of our biggest trading partners. and if it's in turmoil, europeans not in the mood to buy any american goods. american markets were higher friday in the hopes the deal would be reached this weekend. what is the reaction today? >> zain asher's in new york for us. tell us what happened. there was a bit of a bounce but then it came back. what's been the impact? hey, michael, and suzanne. sduric manages a gain. dow hit a new intraday high 14,563. the s&p got within one point of a record high. but we watched the s&p a little bit more closely because it's bigger, 500 stocks as opposed to the dow's 30. an
up shortly. martha: we have brand new fox polls out this morning about budget and taxes. look at numbers. people were asked what bugs you the most when paying your taxes? the list is so long. how could you think about what bothers you most. number one, 43% the way the government spends their money, 43% is what really bugs them the most. 38% goes to one of the president's biggest talking points during the campaign. people say they don't think some folks pay their fair share. goes on from there. the tax forms and amount you pay which is always bothersome. what do you think? bill: i think i need more options than just four there. the other thing that showed up in the fox polling how significant the debt was and how people are reflecting that. we'll talk about that later. martha: teenager gets first paycheck and think they make x-amount of an hour and expect the whole paycheck to reflect that. they go, oh, so much of my paycheck is gone. welcome to the tax system. >>> cyprus is getting a new ultimatum today. the european central bank is now telling the island nation to come up wit
for more than a week, tried to impose a huge tax on large deposits and restricted how much cash you could withdraw from an atm. that's exactly what's going on tonight in cyprus. a member of the eurozone as it tries to raise enough money to qualify for a big bail-out from european lenders. cnbc's michelle caruso-cabrera has the latest tonight from cyprus. >> reporter: lester, all the banks on cyprus closed for nine days now. only the atms are working and just today they announced withdrawals would be limited to only 100 euros. but many of the machines don't have any money anyway. long lines all week at the atms of cyprus' weakest bank. customers desperate to get as much cash as possible in case the bank collapses. at supermarkets, families stocking up. fearing shelves will soon be empty with all the banks closed, businesses can't pay for supplies and restock. buying so much, olga brought her two teenage sons to help. >> well, we are concerned that there will be shortages of food. so it is definitely we want to make sure. i have a family, i have to feed my family. >> reporter: tonight the p
exit from the euro. the rescue package scraps a controversial plan to put a tax on private bank deposits. but a top european official says europe may need help paying the bills. >> the euro area member-states are committed to assist cyprus in its adjustment process and have reaffirmed that the size of the financial assistance will amount to 10 billion euro. we would obviously welcome a contribution by the imf. heather: so, question is, who wins, who loses in this deal? stuart varney is the host of "varney & company" on the fox business network and he is here to answer that question for us. so who wins, who loses? >> heather, let's start with the oozers. the russian mob, number one. losers big-time. they will confiscate 30% or more of those depositers and money in the bank if they have got more than 100,000 euros. a lot of those people are russian. they will lose big-time. secondly, the cypriot people, they lose. the island is already in chaos and they face an economic depression. there are some forecasts that cyprus will lose 20% of its economy. that is a depression. so those tw
nuts. >>> the irs. yes, the internal revenue service, is behind this "star trek" movie starring tax collectors and it's getting backlash. first, we start with developing news at this hour. secretary of state john kerry made a surprise visit to baghdad earlier today where he spoke to prime minister nuri al maliki. secretary kerry is now in amman, jordan, and so is chief foreign affairs correspondents andrea mitchell, traveling with the secretary of state. she joins us by phone now. andrea, what did secretary kerry accomplish with this trip to baghdad? >> reporter: well, it was a very tough trip and a tough message, because we went to baghdad, a quick visit. surprise, under tight security and secrecy, for obvious reasons, because ten years ar the war, there still are terror attacks. last week, when dozens were killed in baghdad. he was in a secure place in the embassy and then visiting prime minister maliki and the speaker of the parliament in iraq in their residences, but his message to mallski that the maliki government is permits iran to send weapons and fighters, overflight, loade
in our currency. as part of the deal, this is the key. the local government raising taxes and puttings levies on some bank deposits. greg palkot is live outside parliament in the capitol of cyprus with more. greg? >> reporter: hey, jenna, the folks in cyprus right now are breathing a sigh of relief. they have avoided going under but at a cost. the deal struck with the european union was a tough one. probably why we saw protests here every day we've been here. one big bank will be shut down of the that will cost jobs. money from accounts of big uninsured depositers will be seized to the tune of 30% or more. small depositers will be spared but the little guys will suffer another way. the economy here is set to slow down. here is what we felt out on the streets of nicosia hire today. you might get some cash out of atm. in cyprus and there might be a bailout in place but in fact it is a holiday in this country. we talked to the folks here and their mood is definitelily not sunny. old money. you think that is better than the new money, the euros because of what happened? >> yes. because, be
investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. great first gig! let's go! party! awwwww... arigato! we are outta here! party...... finding you the perfect place, every step of the way. hotels.com >>> good morning, atlanta. doesn't look like it yet, though. see a live shot of downtown atlanta there. very soggy downtown. heavy thunder and lightning overnight. and take a look at the radar. that's why. heavy storms move in across the southeast today. everybody kind of hunkered down there. not only trying to get you ready for the day ahead with weather but let's talk about the week ahead from outer space to cool new cars. time to get you ready. let's talk about tuesday first of all. dragon capsules splash down in the pacific ocean. filled with t
filing taxes and receiving debt benefits to who gets called as next of kin. >> i had to list corraine as my sister just so that someone would call her in the event that i'm killed or missing in action. or hurt on the job. she can't be my emergency contact. she can't receive my remains. >> reporter: corraine on the other hand gets the benefit of being married because the nation's capital recognizes same. sex marriage but only nine states in the district of columbia have taken that step so just by crossing the potomac river into virginia you lose that status. >> why do we have to be married locally but federally it's nothing, we're friends. we wear a ring symbolically. so it's ridiculous. >> what the bill does -- >> reporter: now the defense of marriage act also known as daytona first passed by congress and signed by president clinton in 1996 is being challenged at the supreme court. >> it's being asked to decide there whether or not congress can pass a law that treats same-sex couples who are already married under the laws of their state different from opposite sex couples. >> reporter
one. give we give away money, about $1.2 trillion. everyone knows the tax code is a mess. economically inefficient. stacked off in times against the middle class. so if we can clean up the tax code that would be beneficial. second, healthcare issue is a very serious one. medicare costs are coming down but there's a demographic that awaits us. 10,000 folks a day are going on to medicare and it is not just medicare issue. it is a healthcare spending issue in this country that's tough on businesses, tough on individual. so if we can do something to help slow that rate of growth and confidently keep it down, that's beneficial for the broad economy. >> americans were according to polls, americans are strongly in favor of gun can control. recent poll, favor background checks. more than half favor banning assault weapons. over half favor banning large magazines. >> that's the reason i think the president is glad to be away from washington, away from congress. there is a level of dysfunction here. the power in this institution is enormous. it takes away from common sense steps. you have the fi
the $600,000 in estate taxes she had to pay when her partner died. that's what we are talking about. that's the kind of equality. regardless of what the court decides, edith and dhea are still going to love each other and still going to be a couple. >> the thing is thatied itds and thea don't want to separate but equal treatment under the law when it comes to civil universityions or marriage. that's what this whole thing about. >> it is not separate and equal. that's the whole conversation. it is not. more than 1,000 laws that are separating, you know, same-sex couples and heterosexual couples that are in the same comparable relationship. more than 1,000 laws. essentially i pay more taxes for no other reason than sexual orientation. no other reason than how i was born. not separate but equal. separate and unequal. >> i want to play this because i know that you want to address this. we had an e-mail exchange. i did get it in the show just for you. ralph reid making controversial remarks on today's "meet the press." >> what i said was the verdict of social science is overwhelming and irrefu
will be determined today. 40 percent of people's money could be taxed. it's interesting. this is like a tax the rich kind of thing going on there. >> all of the russian have their money parkd in cyprus. they had an opportunity to save cyprus, not so productive there. if you have less than 130,000 dollars in that bank it is okay. it is safe and it goes to the biggest bank in cyprus the bank of cyprus. >> the good news it won't hurt or markets. >> cyprus isn't out of the woods just yet. moody agency warning it is still at risk of default and it can exit the euro. that could see the euro zone through out the entire content. they will have painful consequences for cyprus. the gdp will be negative for quite sometime. right now there is how much money can be taken out of the atm 100 euros a day. there's panic over there. >> stars are going through and we don't want to have it here. >> it is time to take a look at who is talking this morning we are looking at the continuing national debate on guns. new york city mayor on michael bloomberg announcing a $12 million ad campaign for mayors against guns. in at
. $51 $404 in february. did you know $385,000 of your tax dollars are studying ducks' anatomy? to study the private parts of ducks. this is part of president obama stimulus plan and just one example of the kind of spending decisions that add up to massive debt and deficit. tonight, there is a week-long series on what to cut. >> government is not the solution to the problem. government the problem. >> rare of big government is over. >> every president called to streamline federal bureaucracy but none succeeded. >> government is largeer than it ever has been. the debt is growing at record rate. >> adjusted for inflation. government spending went up from $882 billion spent every year in 1980s to $1.48 trillion in the 1990s. $2.24 trillion a year and the first decade of the 21st century. mast ited that government will have spent almost as much in the first four years as a new decade as in the 1990s. >> in the past there bar crisis like world war ii or the korean war, nondefense spending was cut by 20 to 30%. >> that didn't happen after 9/11 or after the financial crisis. >> nothing typifies
and samsung's executive. the package includes tax breaks and equipment reimbursements. the city of austin, texas was offering similar incentives in an effort to get samsung to move there. >>> sal is back. don't tell me we have caltrain delays, sal. >> we do. as a matter of fact, we do. unfortunately, these delays to be for a while, tori and dave. this is because of a train, a northbound train, 211, apparently hit someone. this is reportedly. we're trying to confirm. northbound train 211 has hit a pedestrian in mountain view. we can go to the maps. i'll show you that the area here that's where the train travels can be delayed for the entire system. the freeway nearby, not all that busy. unfortunately, when there are major caltrain delays, some people choose to drive. you might want to think about that if you are driving on 101 or on 280. we'll get more information on this. this is just coming in. let's go to live pictures. that's backed up for about a 15, 20 minute delay. finally got some help for that stalled vehicle we were talking about, the tow truck is there at the bottom of the scree
reed and samsung's executive. the package includes tax breaks and equipment reimbursements. the city of austin, texas was offering similar incentives in an effort to get samsung to move there. >>> sal is back. don't tell me we have caltrain delays, sal. >> we do. as a matter of fact, we do. unfortunately, these delays to be for a while, tori and dave. this is because of a train, a northbound train, 211, apparently hit someone. this is reportedly. we're trying to confirm. northbound train 211 has hit a pedestrian in mountain view. we can go to the maps. i'll show you that the area here that's where the train travels can be delayed for the entire system. the freeway nearby, not all that busy. unfortunately, when there are major caltrain delays, some people choose to drive. you might want to think about that if you are driving on 101 or on 280. we'll get more information on this. this is just coming in. let's go to live pictures. that's backed up for about a 15, 20 minute delay. finally got some help for that stalled vehicle we were talking about,
they do support raising tax, only on the wealthy americans but esensely, what's changed, they didn't pass a budget for four years, any budget threat they passed would have included a tax increase and felt vulnerable in the campaign. well, president obama got re-elected by promising a tax increase on high-income americans to reduce the deficit. so now, finally, senate democrats feel that they can go ahead and echo that position. that's change. >> an narc the president is expected to release the white house budget in april. what kind of compromises, if any, can we expect to see there? >> i think he is going to kind of come up and say the same things that he has been saying. we will look at the changes he will make to the entitlement program. the republicans saying they will not raise tax and what the democrats might do on entitlement reforms if they can find any kind of common ground that would be possible there. >> bill schneider, anna palmer, stick around. we would like to come back to you later in the hour, if that's okay with you. >> sure. >> thanks. >>> could bill clinton be talking ou
also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. i worked a patrol unit for 17 years in the city of baltimore. when i first started experiencing the pain, it's hard to describe because you have a numbness but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point, i knew i had to do something. when i went back to my health care professional, that's when she suggested the lyrica. once i started taking the lyrica, the pain started subsiding. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away
amendments on the keystone xl pipeline. there were amendments on the medical tax device that pays for obama care. there are amendments on all sorts of things that don't have to do with the budget. so it was as political as it was about policy last night. >> yeah. but amie, you know, democrats passing this first budget in four years here, how significant is that? and what does it call for? >> well, it's significant just like andy said. it's sort of all politics at play. but you know, it's so vastly different from what the republicans in the house want. so i don't think -- and it's different than what the president wants. so i think that list just posturing. you know patty murray expressed optimism. she said that they might be able to bridge that divide. but i'm rather skeptical of that, alex. >> yeah, i'm curious, andy, why do you think? because you've got one being passed by the democratically controlled senate, and then you've got the house, or the gop control, do you think there's any chance these two extreme budgets in terms of their perspectives, will be mitigated and something will be
of the big ones, they can't be seen as the party of no. it stands for taxed enough already. we understand we want to draw a line in sand and not tax anything else. at some point you have to be for something and some point have to get people on your side to your mission and vision and move legislation. you can't just be sitting up there pounding your fist, saying no and pointing to constitution. while i love and respect the constitution, you have to use the that to bring people on to your side, not turn people off. that's an issue. as far as rand paul's concerned, look, libertarian as though he may be, he's got some issues and stances that could bring some people on to the conservative libertarianism. i don't know what that is, either, by the way, goldie. he could bring people to that side. goldie also pointed out there are big issues he has about civil rights and things like that that are nonstarters that no one brought up in the last few weeks since his filibuster. >> so, angela, republicans have talked a lot about how they can do better among women voters. senator ted cruz recently did a l
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that there won't be increased rates. that's not going to happen. so can this happen? can they tackle tax reform? >> you are also saying medicare costs are beginning to level off. they don't know why, but it's happening. for the first time in years, the democratic senate is actually considering a budget and that means there is possibly a good chance there is going to be a conference committee between the republican house and the democratic senate on the budget that could provide another opening of a bit of a window to again put some of the bigger ideas on the table the gwen: it's also possible that the sequestration, the word i hate to use, but the across the board budget cuts that people said weren't going to make a ig effect, they didn't immediately, are starting to kick in, drirnings drip, drifment >> but they passed 9 resolution to keep the government going for the rest of the year. gwen: well, we'll be watching. thank you, everyone. our conversation has to end here for now but continues online in our "washington week" webcast extra, where among other things we'll consider lessons learned 10
slash $4.6 trillion over ten years without raising taxes. now senator patty murray will work with congressman paul ryan to try and bridge the gap between the two radically different proposals. mark, i think it would have been a public service to the american public to actually point out some of the amendments that they raised in this marathon session they had over in the senate over the weekend. >> from the sublime to the ridiculous. >> oh, my god. >> but they have a senate budget now and a house budget and i think most people think we are going to plod through this year and not have a big deal unless the president somehow comes back and reengages but a pretty big difference starting with the senate bill has lots of new revenue in it. >> give me an idea. give me an idea of the previews of coming traattractions. >> you have patty murray with her budget and paul ryan with his budget on the other side of the table. >> let's say i think they are far apart which i'm dubious as to where these negotiations will go and it comes back to what we were talking about earlier. where is the
with $129,000, you would have been taxed $8,700, gone. taken right out of your account just like that. the people in cyprus protested and rushed to withdraw their money. look at the protest lines at the banks. any bailout needs to come with strings attached and the russians, guess what? why are the russians not happy about this tax? because about $30 billion, a third of money in cyprus belongs to russian people. russians park their money there because the taxes are so much lower. this would be a tax on russian money, too. for now the banks remain closed until thursday. the cyprus stock exchange remains closed. the uk is flying one million euros in cash to cyprus for british soldiers who might run short of money. this is a really interesting situation to watch here in cyprus. >> imagine your bank being closed. >> yeah. you have no access for three days. >> it's a reminder of how fragile and interconnected some of the pieces are in the european story. we're watching a recession deepen in europe. >> also when you think you have awe tax haven. >> that's right. >> christine, thank you. >>>
. the senate bill calls for deficit reduction through increasing taxes and spending cuts and, of course, the house bill calls for steep cuts in balancing the budget within ten years. of course, some revisions to medicare as well. a lot of differences and we have another deadline coming up. the debt ceiling will have to be revisited this summer, alex. >> looking forward to that. >> reporter: yeah, we all are. >> thank you very much, kristen welker. >>> joining me right now, andy sullivan and ann palmer. ann, i'll begin with you. the president is back from the middle east. the reviews are out there. how are you getting the word in terms of how he was perceived? >> i think one of the key things you can look at is what the israeli press put out in the days following his first steps and throughout the entire visit and it was a resounding applause. he got very good praise from them. obviously from what he was trying to do was take that frosty relationship with benjamin netanyahu and try to piece it back together. he did that. it was exactly what he needed to do. there wasn't a lot of meat on
. the senate to pass a budget. they have forced spending cuts. they are not moving on tax increases and the president has become forced to try to deal with republicans now soe they can come to some consensus how to move forward. that is why you see republicans moving up. they are showing leadership while the president was showing a permanent campaign basis. >> heather: i want to talk about the likeability factor of president obama. he is on this charm offensive. do you think that perhaps he is seeing the numbers that have been recently released the pew research center talking about his overall likeability. 47% of americans say they approve of president obama that is down four points from last month and 8 points since last december. i know you said, julie, that is not abnormal, that does happen during a second term. they go up and all of a sudden they go down but president obama's numbers have dropped more steeply than his predecessor. what do you make of that? >> look, people are fed up with what is going on in washington. when they voted, they said, look we'll resolve a lot of thin
windsor. she is challenging doma, the defense of marriage act. she said she was forced to pay taxes when her wife died. >> it was incredible expense. >> meanwhile, people who want to witness the cases firsthand began lining up outside the court on thursday. using tents, tarps, even umbrellas to shelter from today's snowfall. they're hoping to receive one of the roughly 60 seats available to the public. we learn one of those who will be inside the court is the lesbian couple of chief justice john roberts. jean podrasky will attend the hearings with her partner of four years. podrasky said this about her cousin. i believe he sees where the tide is going. i do trust him. i absolutely trust that he will go in a good direction. public opinion on same sex marriage has shifted dramatically. a recent poll shows 58% think it should be legal. that is up, 37% just a decade ago. justice correspondent pete williams is live in washington. a lot of details there but we know there are many options for the supreme court in a decision here in both these cases. >> right. let's start with prop 8. the court
will be shut down. the parliament rejected an earlier plan to tax all bank deposits large and small. but this new agreement sparked little optimism in nicosia, the capital. >> the decisions that were taken were harsh. it is a catastrophe. it will be a long time before things are right again. >> it's a big shame what has happened with the way things were going, what else could they do? there was no other solution. god help us all. >> warner: the bailout does prevent cyprus from falling out of the euro currency system. a prospect that alarmed financial markets last week. still, the cyprusite foreign minister don't sound relieved. >> we feel rather bitter. we feel rather that we have not been treated the same way as other partners. probably being the smallest, i don't know. but we are a resilient people. we are going to fight. >> warner: the nuzzles got a chilly reception in russia where depositors hold an estimated $26 billion in cyprus banks but in germany chancellor angela merkel praised the deal. >> i am very pleased that a solution was found last night. i believe that a fair burde
say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. [ music ] >> chatting with you live at current.com/bill current.com/billpress. this is "the bill press show," live on your radio and current tv. >> bill: all right now, 33 minutes after the hour here on this monday morning, march 25th. so good to see you today and we are now, the team is complete. breaking news stevie lee web has made it out of the ditch on the george washington parkway and he had to take care of the phones. give steve acre call at 866-55-press. he will tell you about the drive this morning. and we will get back to a big, big announcement yesterday by mayor michael bloomberg, the latest big story here for us to talk about this morning, but first, here we go. you know, i keep looking for these articles about identity theft. this one out of florida, where
panic while the government arranged for a bail out. at one point there was a plan to tax all savings accounts 10%. the most recent plans involve a loss at a bank and a freeze on all transactions at the bank of cyprus. the dow is down 64 to 14,447. the nasdaq is down 9 at 3,235. >>> michael dell head head wins. the black stone group made offers to stockholders promising a higher price. that comes as dell and other investors are trying to buy up all of the company stock for $13.65 a share. they are offering $15 a share. black stone offering $14.25. >>> new security concerns about hundreds of laboratories across the country, including some in california. auditors say 1300 labs that work with deadly substances lack university security procedures -- uniform security procedures. one of the labs is on the campus of university of california at berkeley. experts have been calling for stricter rules for years. >> there needs to be standards dez ugfaded and -- designated and enforced. >> they have said they already have multiple layers in place. >>> a good friday protest is planned this week.
lenders to place a 20% tax over any account above $100,000 euros. now there have been mass protests. the european union says the east mediterranean island must raise $7.5 million u.s. dollars on its own before it can receive a $13 bailout. >>> south korea are accusing north korea of training malware cyber warriors. no connection to north korea has been found. investigators say there have been six cyber attacks coming from the country since 2009. they also say north korea is pouring money into science and technology. >>> the city of san jose is expected to approve a $7 million incentive for samsung to improve its company. it would replace existing offices with a more modern facility. right now the building offers 200,000 square feet of space but the company wants to expand it to 680,000 by building two ten story towers which would employ at least 10,000 people. >>> lowe's is being accused of december crimination. the chronicle is now reporting that six current and former employees have filed a lawsuit in superior court. they say lowe's hired minority employees to comply with an agree
a tax. it's a smash and grab. the government runs the banks, so when they're failing and need money, they could keep the deposits that the citizens have inside their accounts. cyprus needs to come up with 7 1/2 billion dollars on its on in order to get the european unions to loan it the rest of the money to keep the country running. it's like matching funds in a highway and in belgium holding last minute talks with european leaders. they better talk quickly because the european bank has been giving emergency cash to cyprus to keep the banks there afloat. that cash stops tomorrow if there's no deal in the works. some pictures now from earlier. citizens filling the streets in panics and their businesses hurting from no cash flow and the atm's shut down. and they're worried the government will take their money. greg palkot is in cyprus and brenda buttner in the studio. let's go to graeg. what's the latest for cyprus. >> reporter: harris, it looks like it's going to be an all-nighter. and people are looking nervously on. the president of cyprus and his dad are meeting with european uni
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